self employed

November 13th, 2008 by Questions

I am self emploed.How will be effect my corporation to personal bankrupcy

Posted from: Ontario


One Response to “self employed”

, A licensed trustee said:

If you file for personal bankruptcy, your business is an asset (something that you own) that your trustee will have to deal with. If the business has any value (something that can be sold, including the business itself) your trustee will have to try and obtain that value for your creditors.

There’s a pretty good chance my answer may confuse you – the best thing to do is to use the links on this page and contact a trustee in your area directly about your business.

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